Today we are thrilled to announce the official launch of QuidCycle, a peer-to-peer financial services company that provides a platform of mutually beneficial products and financial education for borrowers and investors.

QuidCycle was established on the basic principle to help the UK’s middle-income families take control of their finances and achieve financial success.

On the 1st October 2014, Ryan Weeks (Chief Writer for Altifi) wrote an article for the Guardian entitled “What can Alternative Finance Models offer to young investors?" In this article, he analyses the world of peer-to-peer investments from the investors’ perspective.

At the Budget 2014, the Chancellor announced that the Government would make peer to peer (P2P) loans eligible for inclusion within Individual Savings Accounts (ISAs). Today (17th October 2014) the government will begin a one month long consultation with the P2P industry to decide how best to implement the announcement. This will place P2P in the mainstream alongside more traditional investments, not only extending the choice for investors, but supporting and encouraging growth within the P2P sector.

Is household debt a hidden time bomb in the UK? Are we once again walking a financial tightrope? People are not feeling financial pressures as a result of frivolous spending sprees, instead, many are borrowing extra money just to keep their heads above water in their everyday living. Please don’t jump to the conclusion that we are focusing on lower income families.